Phillips mid-season sale in New York had a sufficient number of works that popped—including 8 artists’ records, including Michael Heizer and Matt Connors—to make $2.8m and sell 74% of the 202 lots offered. The sale also featured a work that had been bought for $100k two years ago and was now being disposed of by the dealer who had acquired it.

phillips-new-now-916

The publicity around the lot could not have helped its chances but the work by Hugh Scott-Douglas soldiered through and made a face-saving $30,000. It will be interesting to learn—if we ever do—whether the buyer was a collector eager to see the work return to an affordable level or someone more involved in defending Scott-Douglas’s market.

This Hugh Scott-Douglas work was bought for $100k two years ago and sold for $30k at Phillips.
Hugh Scott-Douglas, Untitled (18-22k) $30k